RCM not paid in FY22-23

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Compliance
497 Points Posted on 04 July 2023
In previous year our co not paid rcm on GTA on 2 invoices. What if wo do not pay in this year any disadvantage?

Our CA is doing Stat audit and say this to pay. What we do not want.

Please suggest
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On 04 July 2023 at 23:09 Report
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Quick Summary
This discussion addresses the consequences of not paying Reverse Charge Mechanism (RCM) on GTA invoices from the previous financial year. It highlights that RCM payments, including interest and penalties, must be discharged. The consensus suggests it's best to pay the outstanding RCM, along with applicable interest, in the current month's GSTR 3B to claim Input Tax Credit (ITC).

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"Do the Right Thing...!!!"
128162 Points Posted on 05 July 2023
Interest and Penalty...
again
Interest and Penalty...
again
Interest and Penalty...
again...
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On 05 July 2023 at 07:36
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Compliance
497 Points Posted on 05 July 2023
Ok so its better to paid in this month gstr 3b or in annual return
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On 05 July 2023 at 08:52
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2 Points Posted on 05 July 2023
You have to discharge the RCM payment in Form GSTR 3B and along with interest and avail the ITC same
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On 05 July 2023 at 15:50

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